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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $161.84
- 2 Days on Market
- MLS # : T3286765
- Updated Date : 01/30/2021 at 18:44
CONSTRUCTION
- Beds : 3
- Floor Size : 1,174 sqft
- Baths : 1 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
You will LOVE this 3 bedroom 1 bath home in the heart of Thonotosassa!!! Minutes away from I4 and I75, close to shopping areas, entertainment, the Tampa Airport, Mac Dill AFB, and Beaches. This is the perfect property as it is centrally located in a nice, quiet area. This home could be a great investment opportunity or a great family home offering NO HOA or CDD fees and comes with a home warranty. The huge bonus room could be used as a master bedroom or in law suite as it has its own entrance. Brand new A/C as of 2020 with 10 year warranty, Well pump from 2019, Hot water heater new 2015.
SEE MORE
- #8 in America's Fastest Growing Cities (Forbes, 2018)
- Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
- One of the best cost-friendly American cities to do business (KPMG)
- Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
- #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
- 2nd Best City for Young Entrepreneurs (Forbes)
- Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
- Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
PRICE & RENT TRENDS
Neighborhood: Greater Thonotosassa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greater Thonotosassa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,250 |
| EXPENSES | Loan Payment | -$660 |
| Property Tax | -$246 | |
| Property Insurance | -$104 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$111
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$190,000
PROJECTED PRICE
$1,250
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 9.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$56,100
LOAN DETAILS
$660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $47,500 |
| Loan Amount | $142,500 |
9.42
YEARS SAVED
$24,267
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,250
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,127
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
10413 County Road 579 Thonotosassa, FL 1
- 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1963
- Rent
- Rent Per SQFT
- $1,250
- $1.06
-
12223 Kelly Ln Thonotosassa, FL 2
- 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1972
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,350
- $0.96
PROPERTY LISTING DETAILS
1.407.755.7337
Keller Williams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3286765
Last Updated: 01/30/2021
